News stories from Monday July 30, 1973

Summaries of the stories the major media outlets considered to be of particular importance on this date:

Former chief of staff H.R. Haldeman testified before the Senate Watergate committee and disputed John Dean's testimony. Haldeman said that tapes of meetings disagree with Dean's version. Those White House tapes are the same ones that have been refused to the Watergate committee and Archibald Cox by President Nixon.The committee broke into confusion when Haldeman stated that he listened to tapes of the September 12 and March 21 meetings. Haldeman insisted that the President asked him not to use the tapes for anything except refreshing his memory. Haldeman said that he could refute Dean's testimony using the tapes, but "executive privilege" surrounds them. Committee chairman Sam Ervin overruled the President's claim to executive clemency and asked if subpoenaed notes were brought by Haldeman as ordered. Haldeman stated that the notes are in the President's files and he doesn't have them. Haldeman proceeded with his testimony and said that he wasn't present for the first hour of the meeting with the President and John Dean on March 21, but listened to the full tape. At that meeting, Haldeman said that Dean told the President he thought Jeb Magruder knew about Watergate but was unsure if John Mitchell knew. Dean said G. Gordon Liddy gave him a full rundown after the burglary and assured him that nobody from the White House was involved. Dean also spoke of money for the Watergate defendants and clemency, including Herbert Kalmbach raising money for the defendants. Haldeman believes all of the March 21 meeting was used by the President to elicit Dean's view of Watergate and to get his opinion on a course of action. President Nixon later told Haldeman he had no intention of offering clemency or giving money to the defendants. Former White House aide John Ehrlichman completed his testimony before the committee. The committee voted to extend the hours for its hearings and intends to hear from seven more witnesses before adjourning. [CBS] Senator Adlai Stevenson III accused President Nixon of obstructing justice by refusing special Watergate prosecutor Archibald Cox access to the White House tapes. [CBS] The Senate passed a bill to reform presidential campaign financing. The bill goes to the House next. Presidential candidates can spend no more than $34 million on their entire campaign. The bill limits contributions to $3,000 from any one contributor to a candidate and places a $25,000 ceiling on contributions an individual may give to all federal campaigns during a year. Senator Charles Percy stated that the Watergate scandal was responsible for the tough provisions in the new bill.The measure repeals the equal-time provision for all races for public office. Cash contributions over $50 are prohibited and it would be illegal for campaign funds to be used to pay attorneys' fees. [CBS] The Washington Star News reported that Senate Watergate committee member Herman Talmadge was sent to the Caribbean on a fishing trip last February by major defense contractor Rockwell International. There was immediate comment from Talmadge regarding the report. [CBS] The Pentagon did not dismiss reports that spying goes on in West Germany. Civilians and reporters have had telephone conversations bugged. Military lawyer Howard Denike identified recordings of conversations with his client earlier in the year, and believes that serious violations have occurred. CBS has learned that U.S. Army intelligence keeps files on CBS newsmen in Germany. At U.S. Army headquarters in Heidelberg, no spokesman would comment, but a statement was released which says that intelligence activities in Germany exist to protect U.S. Army personnel in Europe and such actions comply with both countries' laws. [CBS] Fighting was reported just outside the capital city of Phnom Penh, Cambodia. [CBS] General Earle Wheeler defended the secret Cambodia bombings in '69 and '70 before the Senate Armed Services Committee today. Wheeler said that President Nixon approved the secret bombings in 1969, and stated that he never authorized anyone to make false reports on those bombings. When asked if the President or Secretary of Defense ordered false reports, Wheeler replied negatively. Wheeler stated that some officials received inaccurate information, but the Pentagon didn't want to keep the bombings from being known to Congress. [CBS] The U.S. charged North Vietnam with failing to carry out some cease-fire agreements. A protest note delivered to the Hanoi embassy said that North Vietnam has not helped find and return the remains of those Americans missing or dead in Indochina. [CBS] Skylab astronauts Alan Bean, Jack Lousma and Owen Garriott remain nauseated from motion sickness. Their space walk has been postponed until Thursday. [CBS] Tragedy struck Chesterfield, England, when a coal mining shaft elevator fell to the bottom, killing 13 men and injuring 15 others. [CBS] The British high court awarded $52 million to compensate 433 children who were crippled by the drug thalidomide. The money will be paid by the company that issued thalidomide. [CBS] A federal judge in Arlington, Virginia ruled that private schools may not deny admission because of race. Two black families took legal action when their children were refused admission to private all-white schools. Allison Brown, the attorney for the two black families, said that private schools must be open to all sectors of the public. The attorney for one private school noted that if a school receives no public funding, it should be given control over its own activities. The Southern Independent School Association joined with the defendants on the ruling. The association believes that its member schools have a constitutional right to keep blacks out if they choose to do so. Now that a federal judge has ruled in the blacks' favor, the fight will go to the Supreme Court. [CBS] Clifford Irving, author of the Howard Hughes autobiography hoax, was denied parole. [CBS]

Stock Market Report

Dow Jones Industrial Average: 933.77 (-2.94, -0.31%)
S&P Composite: 109.25 (-0.34, -0.31%)
Arms Index: 1.01

	Issues	Volume*
Advances	626	4.23
Declines	817	5.56
Unchanged	369	1.38
Total Volume		11.17

* in millions of shares

Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish.

Market Index Trends
Date	DJIA	S&P	Volume*
July 27, 1973	936.71	109.59	12.91
July 26, 1973	934.53	109.85	18.41
July 25, 1973	933.02	109.64	22.22
July 24, 1973	918.72	108.14	16.28
July 23, 1973	913.15	107.52	15.58
July 20, 1973	910.90	107.14	16.30
July 19, 1973	906.68	106.55	18.65
July 18, 1973	905.40	106.35	17.02
July 17, 1973	898.03	105.72	18.75
July 16, 1973	897.58	105.67	12.92